Press release. Tel Aviv – June 2, 2021 – kiroboA leading cryptocurrency solutions developer, has announced that its crypto transfer ‘undo button’ is now available for transactions involving UNI, Chainlink. bnbhandjob USDT, the sushi coin, as well as its native utility token kiro. This extends the reach of Kirobo’s solution to over 4.5 million holders of these coins.
The ‘undo’ solution, which has so far been deployed only for B T c and ETH The transaction represents Kirobo’s first product, and allows users to reverse accidentally sent crypto transfers – eliminating the myriad of human error risks inherent in the execution of crypto transactions. The company plans to integrate its solutions across multiple crypto exchanges during 2021.
Kirobo has already built a logic layer on the Bitcoin and Ethereum networks, and is rolling out advanced services and solutions on top of this layer. The logic layer works by providing a unique transaction code that must be entered by the recipient in order to receive funds from the sender. As long as the recipient has not entered the correct code, the sender can receive the money at any time.
Tel Aviv-based Kirobo is a blockchain technology company that provides crypto users and companies with cutting-edge tools to help them gain better control of their money. Kirobo is currently largely helping intermediaries, crypto exchanges and payment companies offer their users unprecedented levels of transaction security.
Earlier this month, artificial intelligence and cryptocurrency solutions provider DigiCrypts Blockchain Solutions Inc.. (Digimax) announced a strategic investment in Kirobo, set to accelerate the release of Kirobo’s soon-to-launch crypto management, custody and trading products. Kirobo also recently announced the addition of crypto pioneer Brock Pierce to its advisory board, where he will provide strategic guidance around the global launch of the company’s portfolio of products. Pierce previously co-founded eos Alliance, Block.One, Blockchain Capital, Tether and Mastercoin and currently serves as the chairman of the Bitcoin Foundation.
Kirobo has also developed a range of additional bespoke solutions tailored to crypto holders and traders – designed to further improve the DeFi ecosystem. Those solutions are scheduled for release during Q2 and Q3. Elements of Kirobo’s new technological solutions have helped the company receive two highly regarded grants from the Israel Innovation Authority.
Commenting on the announcement, Kirobo CEO Asaf Naeem said:: “The entire spectrum of crypto users, from entry-level participants to experienced traders, greatly benefit from Kirobo’s successful transaction ‘undo’ feature, which eliminates the risk of loss of funds due to human error. The landscape is evolving, with mainstream and institutional participation intensifying, this type of strong transaction safety net will become an industry hub. We’ve all heard the horror stories of remittanceshey Wrong address or wrong type of address.
At Kirobo, we want to make crypto management as seamless and secure as online banking, and ultimately, give crypto users better control of their money. Crossing this threshold represents a very important stage in the ongoing maturation of crypto finance, and shows further viability. Blockchain as a store of value. In the coming weeks and months, we will make our transaction undo feature available for more coins, and unveil New features that will revolutionize the way funds are managed in the wider crypto space – Underscores our reputation as a promoter of risk-free crypto transactions.”
For more information about Kirobo’s recoverable transfer feature, please visit undo.kirobo.me.
Kirobo has a single mission: to provide crypto users and companies with cutting-edge tools to gain better control of their money. We do this by providing our users with secure and straightforward solutions, seamlessly approaching crypto management, custody and trading. Kirobo is proud to have received two grants from the Israel Innovation Authority – making it the only blockchain technology company to achieve that milestone.
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